{"id":66144,"date":"2026-04-01T12:50:31","date_gmt":"2026-04-01T07:20:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=66144"},"modified":"2026-04-01T12:50:33","modified_gmt":"2026-04-01T07:20:33","slug":"maruti-suzuki-q4-results-date-preview","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/","title":{"rendered":"Maruti Suzuki Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook"},"content":{"rendered":"<p>Maruti Suzuki Q4 Results FY26 \u2014 Board meeting on April 25, 2026 (Expected)<\/p><p>The Maruti Suzuki Q4 results 2026 is set to be one of the most closely watched earnings events of the April-May 2026 results season. With results scheduled for April 25, 2026 (Expected), investors and analysts across brokerages are building their expectations around revenue, PAT, margin trajectory, and what management will say about FY27.<\/p><p>Maruti Suzuki enters Q4 FY26 at a CMP of ~Rs. 11,900, against a 52-week high of Rs. 13,680 and a 52-week low of Rs. 10,650. The one-year return stands at -4%, making this quarter&#8217;s result and guidance commentary particularly important for investors deciding whether to hold, add, or exit.<\/p><p>This article covers the Maruti Suzuki Q4 results 2026 date, earnings estimates, key factors driving performance, five risks to watch, analyst ratings and price targets, and a full set of FAQs around what investors are searching for ahead of the announcement.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Maruti_Suzuki_Q4_Results_2026_Date\" title=\"Maruti Suzuki Q4 Results 2026 Date\">Maruti Suzuki Q4 Results 2026 Date<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Why_This_Quarter_Matters\" title=\"Why This Quarter Matters\">Why This Quarter Matters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Maruti_Suzuki_Q4_FY26_Earnings_Estimates\" title=\"Maruti Suzuki Q4 FY26 Earnings Estimates\">Maruti Suzuki Q4 FY26 Earnings Estimates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#5_Key_Factors_That_Will_Drive_Maruti_Suzuki_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive Maruti Suzuki Q4 FY26 Performance\">5 Key Factors That Will Drive Maruti Suzuki Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Q4_Volume_Performance_%E2%80%94_Seasonally_Strong_Quarter\" title=\"Q4 Volume Performance \u2014 Seasonally Strong Quarter\">Q4 Volume Performance \u2014 Seasonally Strong Quarter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#SUV_Segment_%E2%80%94_Grand_Vitara_Jimny_Invicto_Performance\" title=\"SUV Segment \u2014 Grand Vitara, Jimny, Invicto Performance\">SUV Segment \u2014 Grand Vitara, Jimny, Invicto Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Export_Recovery_and_Japan_Parent_Synergy\" title=\"Export Recovery and Japan Parent Synergy\">Export Recovery and Japan Parent Synergy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#EBITDA_Margin_Improvement\" title=\"EBITDA Margin Improvement\">EBITDA Margin Improvement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#EV_Readiness_%E2%80%94_e_Vitara_Launch\" title=\"EV Readiness \u2014 e Vitara Launch\">EV Readiness \u2014 e Vitara Launch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#5_Risks_to_Watch_in_Maruti_Suzuki_Q4_FY26\" title=\"5 Risks to Watch in Maruti Suzuki Q4 FY26\">5 Risks to Watch in Maruti Suzuki Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#CNG_and_Hybrid_Competition_from_Tata_Motors_and_Hyundai\" title=\"CNG and Hybrid Competition from Tata Motors and Hyundai\">CNG and Hybrid Competition from Tata Motors and Hyundai<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Rural_Demand_Sensitivity_to_Monsoon\" title=\"Rural Demand Sensitivity to Monsoon\">Rural Demand Sensitivity to Monsoon<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Commodity_Price_Volatility\" title=\"Commodity Price Volatility\">Commodity Price Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Delayed_EV_Strategy_Execution\" title=\"Delayed EV Strategy Execution\">Delayed EV Strategy Execution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Import-Dependent_Components_Post_Tariff_Changes\" title=\"Import-Dependent Components Post Tariff Changes\">Import-Dependent Components Post Tariff Changes<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Maruti_Suzuki_Share_Price_and_Analyst_Ratings\" title=\"Maruti Suzuki Share Price and Analyst Ratings\">Maruti Suzuki Share Price and Analyst Ratings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#What_is_the_Maruti_Suzuki_Q4_results_2026_date\" title=\"What is the Maruti Suzuki Q4 results 2026 date?\">What is the Maruti Suzuki Q4 results 2026 date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#What_is_the_Maruti_Suzuki_Q4_FY26_PAT_estimate\" title=\"What is the Maruti Suzuki Q4 FY26 PAT estimate?\">What is the Maruti Suzuki Q4 FY26 PAT estimate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#What_is_Maruti_Suzukis_current_share_price_ahead_of_Q4_results\" title=\"What is Maruti Suzuki&#8217;s current share price ahead of Q4 results?\">What is Maruti Suzuki&#8217;s current share price ahead of Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Will_Maruti_Suzuki_declare_a_dividend_in_Q4_2026\" title=\"Will Maruti Suzuki declare a dividend in Q4 2026?\">Will Maruti Suzuki declare a dividend in Q4 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Which_analysts_have_a_Buy_rating_on_Maruti_Suzuki_before_Q4_results\" title=\"Which analysts have a Buy rating on Maruti Suzuki before Q4 results?\">Which analysts have a Buy rating on Maruti Suzuki before Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#What_were_Maruti_Suzuki_Q3_FY26_results\" title=\"What were Maruti Suzuki Q3 FY26 results?\">What were Maruti Suzuki Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#When_do_Infosys_and_TCS_announce_Q4_results_2026\" title=\"When do Infosys and TCS announce Q4 results 2026?\">When do Infosys and TCS announce Q4 results 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Is_Maruti_Suzuki_a_good_investment_ahead_of_Q4_results\" title=\"Is Maruti Suzuki a good investment ahead of Q4 results?\">Is Maruti Suzuki a good investment ahead of Q4 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/univest.in\/blogs-2\/maruti-suzuki-q4-results-date-preview\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maruti_Suzuki_Q4_Results_2026_Date\"><\/span><strong>Maruti Suzuki Q4 Results 2026 Date<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Get free investment predictions and live Q4 result alerts on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>The Maruti Suzuki Q4 FY26 results date is April 25, 2026 (Expected). The board of directors will meet to approve the audited financial statements for the quarter and full financial year ended March 31, 2026. The board will also consider recommending a dividend for FY26 shareholders, subject to approval at the upcoming Annual General Meeting.<\/p><p>Here is how the broader Q4 FY26 earnings calendar looks for large-cap Indian companies in April\u2013May 2026:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Q4 FY26 Results Date<\/strong><\/td><\/tr><tr><td>TCS<\/td><td><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">April 9, 2026<\/a><\/td><\/tr><tr><td>HDFC Bank \/ ICICI Bank<\/td><td>April 18, 2026<\/td><\/tr><tr><td>HCL Technologies<\/td><td>April 21, 2026<\/td><\/tr><tr><td>Infosys<\/td><td><a href=\"https:\/\/univest.in\/blogs\/infosys-q4-results-2026-date-preview\">April 23, 2026<\/a><\/td><\/tr><tr><td>Maruti Suzuki<\/td><td>April 25, 2026 (Expected)<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: BSE\/NSE exchange filings, April 2026. Expected dates may change. Verify before relying.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_Quarter_Matters\"><\/span><strong>Why This Quarter Matters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Every quarterly result tells a story, but Maruti Suzuki Q4 FY26 carries more weight than a routine earnings print. Maruti Suzuki Q4 FY26 results are likely to be the auto sector&#8217;s highlight of the earnings season.<\/p><p>The market is also watching closely because Q4 is the full-year wrap-up quarter \u2014 meaning the annual results, dividend recommendation, and FY27 outlook commentary all arrive on the same date. Management tone on demand environment, pricing, and deal pipeline will shape investor expectations for the next 6\u201312 months, not just the next quarter.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maruti_Suzuki_Q4_FY26_Earnings_Estimates\"><\/span><strong>Maruti Suzuki Q4 FY26 Earnings Estimates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-1024x536.jpg\" alt=\"Maruti Suzuki Q4 FY26 Earnings Estimates\" class=\"wp-image-66149\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Maruti Suzuki Q4 FY26 \u2014 Revenue, PAT, margin and growth estimates from leading brokerages<\/p><p>Access premium research pieces and stock recommendations on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>Here is what leading brokerages are estimating for Maruti Suzuki Q4 FY26 results:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26 (Actual)<\/strong><\/td><td><strong>Q4 FY26 (Estimate)<\/strong><\/td><\/tr><tr><td>Revenue (Rs. Cr)<\/td><td>37,492<\/td><td>Rs. 38,500 \u2013 41,000<\/td><\/tr><tr><td>Net Profit \/ PAT (Rs. Cr)<\/td><td>3,736<\/td><td>Rs. 3,900 \u2013 4,500<\/td><\/tr><tr><td>Margin<\/td><td>EBITDA 13.2%<\/td><td>EBITDA 13.5 \u2013 14.5%<\/td><\/tr><tr><td>CC \/ Volume Growth<\/td><td>Prior quarter<\/td><td>+6\u201310% Revenue YoY (est.)<\/td><\/tr><tr><td>Dividend (FY26)<\/td><td>Rs. 125\/share (FY25 final)<\/td><td>Rs. 135 \u2013 150\/share FY26 (est.)<\/td><\/tr><\/tbody><\/table><\/figure><p>Estimates compiled from MOFSL, YES Securities, JM Financial. Actual figures from NSE\/BSE filings. Verify before investing.<\/p><p>The estimates above represent analyst consensus. Actual results could diverge \u2014 positively or negatively \u2014 based on one-time items, currency movements, and sector-specific developments. The key number to watch, beyond the headline PAT, is management&#8217;s commentary on FY27 guidance.<\/p><p>Screen and track <a href=\"https:\/\/univest.in\/screeners\">Maruti Suzuki fundamentals on Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_Maruti_Suzuki_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive Maruti Suzuki Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_Volume_Performance_%E2%80%94_Seasonally_Strong_Quarter\"><\/span><strong>Q4 Volume Performance \u2014 Seasonally Strong Quarter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Q4 (January\u2013March) is historically Maruti Suzuki&#8217;s strongest sales quarter. In Q4 FY25, the company sold approximately 5.6 lakh vehicles. Analysts expect Q4 FY26 volumes to be 5.8\u20136.1 lakh units \u2014 a 4\u20139% YoY increase \u2014 driven by new model launches and rural market recovery supported by good rabi crop output.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SUV_Segment_%E2%80%94_Grand_Vitara_Jimny_Invicto_Performance\"><\/span><strong>SUV Segment \u2014 Grand Vitara, Jimny, Invicto Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti&#8217;s entry into the SUV and mid-size premium segments has been a key strategic shift. The Grand Vitara continues to be among the top-selling SUVs. The Jimny 5-door and Invicto (co-developed with Toyota) have opened new price points. SUV mix improvement drives average selling price higher and is the primary margin expansion lever.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Export_Recovery_and_Japan_Parent_Synergy\"><\/span><strong>Export Recovery and Japan Parent Synergy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti exports to over 100 countries with Suzuki Japan as the anchor buyer. Q4 export volumes \u2014 which had been soft in FY26 due to global logistics disruptions and market-specific demand weakness \u2014 are expected to recover. Any export volume above 85,000 units quarterly would be a positive signal.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EBITDA_Margin_Improvement\"><\/span><strong>EBITDA Margin Improvement<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Q3 EBITDA margin was 13.2%. Q4 typically benefits from higher volumes spreading fixed costs and better commodity prices (steel, aluminium). Analysts forecast EBITDA margin expanding to 13.5\u201314.5% in Q4, driven by operating leverage and reduced discounting pressure given inventory normalisation across dealerships.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EV_Readiness_%E2%80%94_e_Vitara_Launch\"><\/span><strong>EV Readiness \u2014 e Vitara Launch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti Suzuki is preparing to launch its first electric vehicle, the e Vitara, in FY27. Q4 results will include management commentary on the EV launch timeline, charging infrastructure partnerships, and production ramp-up plans. This narrative will increasingly drive institutional investor interest in the stock.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_Maruti_Suzuki_Q4_FY26\"><\/span><strong>5 Risks to Watch in Maruti Suzuki Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CNG_and_Hybrid_Competition_from_Tata_Motors_and_Hyundai\"><\/span><strong>CNG and Hybrid Competition from Tata Motors and Hyundai<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Tata Motors and Hyundai have gained significant ground in the CNG and SUV segments \u2014 traditionally Maruti&#8217;s home turf. Any loss of market share in the entry-level CNG segment or the mid-size SUV space would signal competitive erosion.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rural_Demand_Sensitivity_to_Monsoon\"><\/span><strong>Rural Demand Sensitivity to Monsoon<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>A large portion of Maruti&#8217;s retail sales comes from rural India. While the rabi crop season supports rural incomes, any weakness in kharif 2026 or below-normal monsoon forecasts could dampen rural demand expectations for FY27, creating a stock overhang.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Commodity_Price_Volatility\"><\/span><strong>Commodity Price Volatility<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Steel, aluminium, and semiconductor prices directly impact Maruti&#8217;s cost structure. A sudden spike in any of these commodities in Q4 would compress EBITDA margins from the expected 13.5\u201314.5% range, especially if retail price increases are not passed on to consumers.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Delayed_EV_Strategy_Execution\"><\/span><strong>Delayed EV Strategy Execution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti has been slower than domestic rivals (Tata Motors, Hyundai) and global peers in scaling EV production. Any further delay in the e Vitara launch or a weak response from consumers due to insufficient charging infrastructure would sustain the EV narrative discount that some institutional investors apply to Maruti&#8217;s valuation.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Import-Dependent_Components_Post_Tariff_Changes\"><\/span><strong>Import-Dependent Components Post Tariff Changes<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti Suzuki imports certain components and completely built units (CBUs) that are subject to import duties. Any changes in import tariff structures under the new trade policy environment could affect both product pricing and margin structure.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maruti_Suzuki_Share_Price_and_Analyst_Ratings\"><\/span><strong>Maruti Suzuki Share Price and Analyst Ratings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-1024x536.jpg\" alt=\"Maruti Suzuki Share Price and Analyst Ratings\" class=\"wp-image-66150\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>Maruti Suzuki share price snapshot and analyst ratings heading into Q4 FY26 results<\/p><p>Maruti Suzuki shares are trading at ~Rs. 11,900 as of late March 2026. The 52-week high stands at Rs. 13,680 and the 52-week low at Rs. 10,650. One-year return is -4%, against a market cap of ~Rs. 3.70 Lakh Cr.<\/p><p>Here is where leading brokerages stand on Maruti Suzuki heading into Q4 FY26 results:<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Brokerage<\/strong><\/td><td><strong>Rating<\/strong><\/td><td><strong>Target Price<\/strong><\/td><td><strong>Key Thesis<\/strong><\/td><\/tr><tr><td>Motilal Oswal<\/td><td>Buy<\/td><td>Rs. 13,500<\/td><td>Volume recovery + SUV mix shift<\/td><\/tr><tr><td>CLSA<\/td><td>Outperform<\/td><td>Rs. 13,800<\/td><td>New model cycle driving market share gains<\/td><\/tr><tr><td>UBS<\/td><td>Buy<\/td><td>Rs. 13,200<\/td><td>Hybrid strategy + export ramp<\/td><\/tr><tr><td>JM Financial<\/td><td>Add<\/td><td>Rs. 12,800<\/td><td>Q4 typically seasonally strong; rural demand recovery<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: Publicly available analyst notes, March\u2013April 2026. For informational purposes only.<\/p><p>For live TCS, Infosys, and sectoral Q4 results coverage, download the<\/p><p><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Download the Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get live Q4 result alerts and SEBI-registered research directly on your phone.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Maruti Suzuki Q4 FY26 results are likely to be the auto sector&#8217;s highlight of the earnings season. With Q4 seasonally the strongest quarter, volumes of 5.8\u20136.1 lakh units, revenue of Rs.38,500\u201341,000 crore, and EBITDA margin expansion to 13.5\u201314.5% are all achievable. The stock at Rs.11,900 \u2014 down 4% in one year \u2014 has underperformed the broader market due to EV narrative concerns. A strong Q4 print combined with a credible e Vitara launch timeline could be the catalyst for a significant re-rating.<\/p><p>This article is for informational and educational purposes only. Investments in securities are subject to market risk. Please read all related documents before investing. Past performance is not indicative of future results.<\/p><p>For more Q4 earnings previews across IT, banking, auto, and pharma sectors, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Maruti_Suzuki_Q4_results_2026_date\"><\/span><strong>What is the Maruti Suzuki Q4 results 2026 date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Maruti Suzuki Q4 results 2026 date is April 25, 2026 (Expected). The board will meet to approve the audited Q4 FY26 financial results \u2014 covering the quarter ended March 31, 2026 \u2014 and will consider a dividend recommendation for FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Maruti_Suzuki_Q4_FY26_PAT_estimate\"><\/span><strong>What is the Maruti Suzuki Q4 FY26 PAT estimate?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Analysts estimate Maruti Suzuki Q4 FY26 net profit (PAT) in the range of Rs.Rs. 3,900 \u2013 4,500 crore. This estimate is based on revenue assumptions of Rs.Rs. 38,500 \u2013 41,000 crore and a margin of EBITDA 13.5 \u2013 14.5%. Actual results may differ from these consensus estimates.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Maruti_Suzukis_current_share_price_ahead_of_Q4_results\"><\/span><strong>What is Maruti Suzuki&#8217;s current share price ahead of Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti Suzuki shares are trading at approximately ~Rs. 11,900 as of late March 2026. The 52-week high is Rs. 13,680 and the 52-week low is Rs. 10,650. The one-year return is -4% and the market cap stands at ~Rs. 3.70 Lakh Cr.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Will_Maruti_Suzuki_declare_a_dividend_in_Q4_2026\"><\/span><strong>Will Maruti Suzuki declare a dividend in Q4 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti Suzuki is expected to consider a dividend recommendation at the April 25, 2026 (Expected) board meeting. FY26 dividends paid so far total Rs. 125\/share (FY25 final). Analysts estimate the Q4 final or additional dividend at Rs. 135 \u2013 150\/share FY26 (est.) per share, subject to board approval and shareholder ratification at the AGM.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_analysts_have_a_Buy_rating_on_Maruti_Suzuki_before_Q4_results\"><\/span><strong>Which analysts have a Buy rating on Maruti Suzuki before Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Motilal Oswal (Buy, TP: Rs. 13,500); CLSA (Outperform, TP: Rs. 13,800); UBS (Buy, TP: Rs. 13,200); JM Financial (Add, TP: Rs. 12,800). These ratings are based on publicly available analyst notes from March\u2013April 2026. They are for informational purposes only and not a recommendation.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_were_Maruti_Suzuki_Q3_FY26_results\"><\/span><strong>What were Maruti Suzuki Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Maruti Suzuki Q3 FY26 results showed revenue of Rs.37,492 crore and PAT of Rs.3,736 crore. Margins were at EBITDA 13.2%. Q4 is expected to show a different picture \u2014 review the estimates table in this article for full expectations.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_do_Infosys_and_TCS_announce_Q4_results_2026\"><\/span><strong>When do Infosys and TCS announce Q4 results 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 results 2026 date is April 9, 2026. <a href=\"https:\/\/univest.in\/blogs\/infosys-q4-results-2026-date-preview\">Infosys Q4 results<\/a> date is April 23, 2026. HCL Technologies reports on April 21. Read full Q4 previews for all these companies on <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_Maruti_Suzuki_a_good_investment_ahead_of_Q4_results\"><\/span><strong>Is Maruti Suzuki a good investment ahead of Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>This depends on your risk appetite, investment horizon, and portfolio context. Maruti Suzuki has both compelling factors and genuine near-term risks \u2014 both are covered in detail in this article. Consult a SEBI-registered financial advisor before making any investment decision. Use the Univest Screener to assess Maruti Suzuki fundamentals independently before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE\/BSE filings, MOFSL, YES Securities, JM Financial, Screener.in and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/infosys-q4-results-date-preview\">Infosys Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/best-agrolife-q4-fy26-results-expectations\">Best Agrolife Q4 FY26 Results Preview &amp; Earnings Expectations<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bhansali-engineering-polymers-q4-fy26-results-expectations\">Bhansali Engineering Polymers Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/berger-paints-q4-fy26-results-expectations\">Berger Paints Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/beml-q4-fy26-results-expectations\">BEML Q4 FY26 Results Preview &amp; Earnings Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Maruti Suzuki Q4 Results FY26 \u2014 Board meeting on April 25, 2026 (Expected) The Maruti Suzuki Q4 results 2026 is set to be one of the most closely watched earnings events of the April-May 2026 results season. With results scheduled for April 25, 2026 (Expected), investors and analysts across brokerages are building their expectations around<\/p>\n","protected":false},"author":29,"featured_media":66151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3957,3802],"class_list":["post-66144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-maruti-suzuki-q4-results","tag-news"],"metadata":{"_edit_lock":["1775028090:28"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:10:{s:61:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-14.jpeg\";a:2:{s:2:\"id\";i:66146;s:11:\"source_type\";s:13:\"media-library\";}s:93:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124236\/image-14.jpeg\";a:2:{s:2:\"id\";i:66146;s:11:\"source_type\";s:13:\"media-library\";}s:67:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/art10_estimates.jpg\";a:2:{s:2:\"id\";i:66149;s:11:\"source_type\";s:13:\"media-library\";}s:76:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/art10_estimates-1024x536.jpg\";a:2:{s:2:\"id\";i:66149;s:11:\"source_type\";s:13:\"media-library\";}s:99:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates.jpg\";a:2:{s:2:\"id\";i:66149;s:11:\"source_type\";s:13:\"media-library\";}s:108:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124522\/art10_estimates-1024x536.jpg\";a:2:{s:2:\"id\";i:66149;s:11:\"source_type\";s:13:\"media-library\";}s:71:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/art10_share_analyst.jpg\";a:2:{s:2:\"id\";i:66150;s:11:\"source_type\";s:13:\"media-library\";}s:80:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/art10_share_analyst-1024x536.jpg\";a:2:{s:2:\"id\";i:66150;s:11:\"source_type\";s:13:\"media-library\";}s:103:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst.jpg\";a:2:{s:2:\"id\";i:66150;s:11:\"source_type\";s:13:\"media-library\";}s:112:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/01124646\/art10_share_analyst-1024x536.jpg\";a:2:{s:2:\"id\";i:66150;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["842"],"rank_math_seo_score":["81"],"rank_math_description":["Maruti Suzuki Q4 results 2026 preview \u2014 volume growth, revenue, EBITDA margin, PAT and SUV segment performance. 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